Capital Gains Tax on Property Disposals – Guide for Property Investors
As a prudent property investor one thing you have to be wary of when you dispose of any property such as a building, land or a lease – whether you sell it, give it away, transfer it to a third party or exchange it for something else – is Capital Gains Tax.
The UK’s HM Revenue & Customs (HMRC) describe Capital Gains Tax as a tax that is payable on the profit or gain you make when you sell or dispose of an asset such as land or property.